Showing posts with label supermax. Show all posts
Showing posts with label supermax. Show all posts

Thursday 5 March 2020

Analysts see rubber glove stocks bouncing off

TheEdge Thu, Mar 05, 2020


KUALA LUMPUR: The Covid-19 epidemic has pushed investors into stocks of rubber glovemakers, which have seen an uptick in demand.

The Healthcare Index climbed 13.77 points or 1.03% to close at 1,344.72 yesterday, with the Big Four rubber glove players dominating the list of most active counters on Bursa Malaysia.

Among the most active stocks was Careplus Group Bhd, which saw 62.9 million shares change hands. The stock closed up 12.73% at 31 sen with a market capitalisation (cap) of RM165 million.

Shares in Adventa Bhd gained 10.77% to settle at 72 sen, bringing a market cap of RM110 million.

Supermax Corp Bhd rose 5.59% to end the day at RM1.70, while Hartalega Holdings Bhd and Kossan Rubber Industries Bhd were up 3.48% and 1.46% to close at RM6.24 and RM4.85 respectively. Top Glove Corp Bhd shares were unchanged at RM5.70.

Analysts said the stage is now set for a solid growth in the rubber gloves sector in 2020 following three quarters of anaemic quarterly earnings growth.

“From a low base due to the lacklustre demand of the past 12 months, the sector will benefit from restocking activities, ramping up demand as the current outbreak of Covid-19 enforces higher hygiene standards,” Kenanga Research analyst Raymond Choo Ping Khoon said in a sector report on Feb 7.

He noted that even before the Covid-19 crisis set in, the third quarter of 2019 (3Q19) results season had indicated a positive recovery in demand and hence, volume growth of industry leaders such as Top Glove and Hartalega. Both players recorded 6% and 14% sequential volume growth, respectively.

“From our ground checks, demand for nitrile gloves is picking up again with players’ new capacities swiftly taken up. We believe this uptick in demand is turning positive and should be reflected in players’ bottom line in subsequent quarters.

“For illustration purposes, going forward, assuming nitrile:latex [ratio] of 80:20 (currently 67:37) and based on estimated global demand of 308 billion pieces in 2020 (forecast for 2019 is 300 billion pieces and assuming an 8% growth rate in 2020), this implies nitrile growth rate of 30% or an additional 51 billion pieces from switching to nitrile gloves,” he added. Kenanga Research has an “overweight” rating on the sector.

Affin Hwang Investment Bank said earnings growth for rubber glovemakers declined slightly in the just-ended 4Q19 as some of the manufacturers were still feeling the negative impact from the labour shortage issue.

“However, most of them have started to deliver stronger quarter-on-quarter earnings growth due to stronger demand from the US, as buying patterns have started to normalise since the tariff hike in China gloves in 3Q19. We believe that as most manufacturers are already operating at high utilisation rates, the recent surge in demand due to Covid-19 would provide them more flexibility in setting selling prices,” it said in a strategy note on Tuesday.

On Jan 24, Malaysian Rubber Glove Manufacturers Association president Denis Low announced that its members are prepared to gear up to produce more gloves to meet the requirements if the Covid-19 outbreak becomes pandemic.

At press time, the number of confirmed cases of Covid-19 totalled 93,500, with at a death toll of at least 3,204 people worldwide.

Confirmed cases have also been ballooning in other parts of the world, including in advanced and developing economies such as South Korea, Italy and Iran. Malaysia reported 14 new cases yesterday, bringing its tally to 50.

According to Bloomberg data, most of the glove counters are still trading below analysts’ consensus target price (see table), except for Hartalega. At yesterday’s closing of RM6.24, the stock is trading above its average target price of RM6.15.

Those currently trading below the analysts’ consensus target prices are Comfort Gloves Bhd (21%), Kossan (15%), Supermax (14%) and Top Glove (5%).


https://www.klsescreener.com/v2/news/view/647178/analysts-see-rubber-glove-stocks-bouncing-off




ADVENTA    0.715
AFFIN           1.770
BURSA         5.480
CAREPLS     0.305
COMFORT   0.875
HARTA         6.220
KENANGA   0.440
KOSSAN      4.940
SUPERMX   1.720
TOPGLOV    5.720

Thursday 24 August 2017

Supermax 24.8.2017

Supermax 24.8.2017
5 Years Quarterly Report History
Qtr Financial Revenue PBT  PAT PBT 
No Quarter (RM,000) (RM,000) (RM,000) Margin
3 31-Mar-17 308,226 20,894 19,754 6.8%
2 31-Dec-16 236,737 26,985 22,571 11.4%
1 30-Sep-16 269,002 26,488 19,537 9.8%
- 30-Jun-16 266,539 34,783 6,787 13.0%
- 31-Mar-16 225,002 33,484 19,670 14.9%
- 31-Dec-15 290,737 46,263 38,820 15.9%
- 30-Sep-15 309,868 48,327 38,455 15.6%
- 30-Jun-15 229,382 29,538 24,743 12.9%
- 31-Mar-15 223,208 28,227 24,947 12.6%
4 31-Dec-14 258,750 32,527 20,068 12.6%
3 30-Sep-14 278,383 32,381 27,812 11.6%
2 30-Jun-14 238,100 32,259 26,762 13.5%
1 31-Mar-14 232,273 32,140 26,596 13.8%
4 31-Dec-13 192,236 37,984 25,044 19.8%
3 30-Sep-13 284,564 40,526 35,806 14.2%
2 30-Jun-13 330,004 39,802 35,484 12.1%
1 31-Mar-13 320,540 36,767 31,787 11.5%
4 31-Dec-12 322,258 42,332 32,093 13.1%
3 30-Sep-12 245,513 33,836 31,600 13.8%
2 30-Jun-12 232,101 33,295 30,000 14.3%
5 Years Trailing 4 Quarters
No. Financial ttm-Rev ttm-PBT  ttm-PAT ttm-PBT 
Qtr. Quarter (RM,000) (RM,000) (RM,000) Margin
3 30-Jun-17 1,080,504 109,150 68,649 10.1%
2 30-Jun-17 997,280 121,740 68,565 12.2%
1 30-Jun-17 1,051,280 141,018 84,814 13.4%
- 30-Jun-16 1,092,146 162,857 103,732 14.9%
- 30-Jun-16 1,054,989 157,612 121,688 14.9%
- 30-Jun-16 1,053,195 152,355 126,965 14.5%
- 30-Jun-16 1,021,208 138,619 108,213 13.6%
- 30-Jun-16 989,723 122,673 97,570 12.4%
- 30-Jun-16 998,441 125,394 99,589 12.6%
4 31-Dec-14 1,007,506 129,307 101,238 12.8%
3 31-Dec-14 940,992 134,764 106,214 14.3%
2 31-Dec-14 947,173 142,909 114,208 15.1%
1 31-Dec-14 1,039,077 150,452 122,930 14.5%
4 31-Dec-13 1,127,344 155,079 128,121 13.8%
3 31-Dec-13 1,257,366 159,427 135,170 12.7%
2 31-Dec-13 1,218,315 152,737 130,964 12.5%
1 31-Dec-13 1,120,412 146,230 125,480 13.1%
4 31-Dec-12 1,048,394 140,168 121,675 13.4%
3 31-Dec-12 1,002,336 127,147 117,765 12.7%
2 31-Dec-12 1,028,242 127,399 117,075 12.4%  
   
   
   
5 Years Adjusted EPS, DPS, NTA and ttm-EPS for capital changes    
No of shares (m) 671.9
adj adj adj adj adj
Qtr Financial EPS  DPS NTA ttm-EPS ttm-DPS
No Quarter (Cent) (Cent) (RM) (Cent) (Cent)
3 31-Mar-17 2.94 2.5 1.56 10.22 4.52
2 31-Dec-16 3.36 0.0 1.57 10.20 4.05
1 30-Sep-16 2.91 0.0 1.53 12.62 6.07
- 30-Jun-16 1.01 2.0 1.54 15.44 6.07
- 31-Mar-16 2.93 2.0 1.57 18.11 6.07
- 31-Dec-15 5.78 2.0 1.54 18.90 4.05
- 30-Sep-15 5.72 0.0 1.57 16.11 5.06
- 30-Jun-15 3.68 2.0 1.46 14.52 7.08
- 31-Mar-15 3.71 0.0 1.45 14.82 5.06
4 31-Dec-14 2.99 3.0 1.46 15.07 5.06
3 30-Sep-14 4.14 2.0 1.42 15.81 5.06
2 30-Jun-14 3.98 0.0 1.38 17.00 5.03
1 31-Mar-14 3.96 0.0 1.35 18.30 5.03
4 31-Dec-13 3.73 3.0 1.34 19.07 5.03
3 30-Sep-13 5.33 2.0 1.36 20.12 5.05
2 30-Jun-13 5.28 0.0 1.37 19.49 5.08
1 31-Mar-13 4.73 0.0 1.28 18.68 5.08
4 31-Dec-12 4.78 3.1 1.32 18.11 5.08
3 30-Sep-12 4.70 2.0 1.25 17.53 2.91
2 30-Jun-12 4.46 0.0 1.21 17.42 2.41
Capital changes
No. Financial No of
Qtr. Quarter Shrs (m)
3 31-Mar-17 671.9
2 31-Dec-16 671.8
1 30-Sep-16 676.0
- 30-Jun-16 678.7
- 31-Mar-16 680.6
- 31-Dec-15 679.9
- 30-Sep-15 680.6
- 30-Jun-15 679.8
- 31-Mar-15 679.8
4 31-Dec-14 680.3
3 30-Sep-14 680.0
2 30-Jun-14 681.0
1 31-Mar-14 680.2
4 31-Dec-13 680.5
3 30-Sep-13 668.0
2 30-Jun-13 691.7
1 31-Mar-13 673.5
4 31-Dec-12 685.7
3 30-Sep-12 679.6
2 30-Jun-12 680.3
1 31-Mar-12 679.2
4 31-Dec-11 341.6
3 30-Sep-11 340.0
2 30-Jun-11 339.9



Comments:

Seems to have lost the competitive edge.